Federal Debt, John Chambers | featured news

(Image from article: "Exclusive: S&P to deeply cut U.S. ratings if debt payment missed")

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Exclusive: S&P to deeply cut U.S. ratings if debt payment missed

The United States would immediately have its top-notch credit rating slashed to "selective default" if it misses a debt payment on August 4, Standard & Poor's managing director John Chambers told Reuters.

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